Jakarta (ANTARA News) - The government issued state sharia bonds (sukuk) worth a total of Rp18.84 trillion in the year ended June 20, a Finance Ministry official said.
"The amount came from the issuance of sukuk for Indonesian hajj fund, retail sukuk and Islamic fix rate," the director of sharia financing of the ministry`s directorate general of debt management, Dahlan Siamat said here on Friday. (source)
"The amount came from the issuance of sukuk for Indonesian hajj fund, retail sukuk and Islamic fix rate," the director of sharia financing of the ministry`s directorate general of debt management, Dahlan Siamat said here on Friday. (source)
He said the amount consisted of Rp8 trillion from sukuk for Indonesian hajj fund (SDHI), Rp7.34 trillion from retail sukuk and Rp3.5 trillion from Islamic fix rate (IFR).
Compared to 2010, the amount fell Rp8.12 trillion, he said.
"The highest frequency of sukuk trading reached Rp602 billion in February 2011 when retail sukuk were issued and listed at BEI (the Indonesia Stock Exchange). The issuance of retail sukuk drew much attention from investors," he said.
The government was certain to issue sukuk in 2011 to attract more sharia investors, he said.
"To date investors` interest to buy state sharia bonds at the primary market is still low. Meanwhile, participation to become sale agents/auction participants is also low and participation in the secondary market is still limited," he said commenting on the obstacles to the issuance of state sukuk.
He said the directorate general of debt management would submit a plan for the issuance of global sukuk to the finance minister to ease pressure on the domestic market.
The issuance of global sukuk scheduled for October 2011 would strengthen Indonesia`s position in the international financial market and create benchmark in the international sharia financial market. (*)
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